RBA flagging impending interest rate cut

21/05/2019|8min

Deloitte Access Economics’ Chris Richardson says an interest rate cut is ‘in the bag,’ due to a slowdown in the Australian economy.
RBA governor Philip Lowe has admitted the bank is considering decreasing the cash rate to boost employment and inflation, both of which are stagnating.
The current cash rate has remained at a record low of 1.5 per cent since August 2016.
Mr Richardson told Sky News that the RBA wants to do what it can to boost economic growth.